Industrial holding firm NL Industries posts Q3 net loss, partly hurt by fall in Kronos sales

Reuters11-07
Industrial holding firm NL Industries posts Q3 net loss, partly hurt by fall in Kronos sales

Overview

  • NL Industries reports Q3 net loss of $7.8 mln, down from $36 mln profit in 2024

  • CompX Q3 sales rise to $40 mln, driven by security and marine components

  • Kronos Q3 sales fall 6% due to lower TiO2 prices and volumes

Outlook

  • Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

  • COMPX SALES GROWTH - Higher sales in security products and marine components drove CompX's Q3 performance

  • KRONOS SALES DECLINE - Kronos' Q3 sales fell due to lower TiO2 prices and volumes, especially in Europe and export markets

  • UNREALIZED LOSSES - NL's Q3 results include unrealized losses in marketable securities, impacting net income

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

$40 mln

Q3 Net Income

-$7.80 mln

Q3 Gross Margin

11.00%

Q3 Operating Income

$1.80 mln

Q3 Pretax Profit

-$8.20 mln

Analyst Coverage

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX8rfs0J

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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